World economic crisis provokes fall of Hungary’s government

At a convention of Hungary’s ruling Socialist Party (MSZP) just over a week ago, Ferenc Gyurcsany, the party’s leader, announced his resignation as head of government. In taking this step, he was responding directly to the consequences of the worldwide financial and economic crisis.

MSM: E.U. President Calls U.S. Stimulus the ‘Way to Hell’

Transatlantic tension over the handling of the global economic crisis intensified Wednesday when the prime minister of the Czech Republic, which holds the European Union presidency, described the President Obama’s stimulus measures as the “way to hell.”